Technology can be used for a great many things: improving people’s lives is one of them. This is achievable through AI in many sectors, with money and medicine at the forefront.
Global economies rely on the health of financial markets and the health of the humans who run them. Emerging technology, particularly AI and the platforms that leverage it, have solutions that support both of those goals.
Making Finance Fair and Prosperous (For Everyone)
In a world where the rich get richer and social structures are feeling the weight of top-heavy economies, Prospero.Ai helps people regain confidence in markets through sharing and transparency. This isn’t a novel dynamic, but it is one that hasn’t been satisfactorily resolved.
The company was founded by George Kailas, Adam Plante, and Niles Plante with one goal in mind: to allow everyone the chance to own their financial future. Kailas’ early career in hedge fund management made him acutely aware of the inequality in finances, specifically the asymmetry of information whereby rich people, privileged with data, are uniquely empowered to get richer.
His previous experience at a hedge fund taught him that data is king, and far too often those that provide the data reap no benefit. Valuable data is usually obtained without permission and utilized for profits by people far away. Prospero flips this model on its head by allowing users to benefit from their insights, all while raising the tide for all investors
Prospero is exploring a new way for people to learn and interact with financial markets. In financial markets captivated by the battle cry of “decentralization,” this company pushes back on that as an easy fix.
Niles Plante explains, “I see Prospero in the role of a protector for retail investors. In the hands of bad actors, decentralization can be dangerous, as it often isn’t grounded in fundamentals and lacks any long term strategy. I look at some of the “social” investing platforms and shake my head at how misled their customers are. Free info doesn’t always equal good info.”
He adds, “In a world of weaponized misinformation where users become the product, social investing falls short on an essential responsibility to vet investing information before amplifying it.”
Niles goes on to stress the importance of providing easily accessible information for investors.
“Fooled by Randomness by Nassim Nicholas Taleb, a must read for new investors, shows how often luck is confused with genius, even amongst professional traders. In markets that are going up, one can learn to trust too much.”
Kailas points out that “In bull markets, everyone brags about how much they are making. Few, however, are quick to share losses. People pile into growth markets, but when volatility strikes, institutions and high net worth individuals often have an informational edge that leaves retail investors holding the bag.”
Kailas warns that “the faster the decline, the more dangerous it is for retail against high frequency traders that thrive. Not to mention vastly different strategies work in up and down markets, and powerful institutional AIs have a big edge adapting to changing conditions.”
This vision for a different path, coupled with machine learning, and served for benevolent purposes has the possibility to transform the average person’s access to sound financial advice, unlocking the ability to build generational wealth. Kailas articulates it this way, “AI in finance sees institutions using consumer data against them, rarely with any consent.”
Kailas imagines a more just world by providing free predictions of similar quality used by the 1% while teaching people how to use them. Prospero is built upon an innovative platform that benefits from the creation of a virtuous cycle and partnership with its user base where the more anonymized data that is contributed, the better the overall predictions. Every additional person in “the movement” gets them closer to a fairer system for everyone.
One major factor that impacts economic growth is declining populations. In this way, the work being done to fix financial systems is closely linked to better healthcare, specifically for men.
Population Crisis and Better Healthcare for Men
In 2017, shocking news reports painted a bleak outlook for male fertility. 185 studies showed the same results: human sperm count had fallen nearly 52% over the course of 40 years, and showed no signs of stopping. In 2018, a company called Bastion Health was founded to address the fact that the majority of fertility treatments and solutions apply to women. In addition to only addressing half of the equation, female-specific fertility treatments are more invasive and expensive.
Reza Amin, PhD, Founder and CEO of Bastion Health explains it this way: “When it comes to fertility complications, historically women have carried the larger burden, but in actuality, male factor plays an equal role. Luckily most men’s reproductive cases are easy to fix but the first step is to consult with an expert and start a treatment plan.”
Bastion Health is reimagining men’s health, providing at home men’s fertility test kits and medical technology that helps men uncover the root cause of infertility and start the treatment process from the comfort of their home.
Reza Amin, has years of research and innovation in health technologies and medical devices. He has a high interest in healthcare, health policies, and health education. The platform integrates all three, fueled by technology, and offers an app-based system with unlimited telehealth visits, personalized treatment options, and access to a full spectrum of male reproductive health specialists.
Amin emphasizes that “Men’s health technology is where women’s health was 15 years ago and our goal is to bring men’s health to 21-century experience, and provide better health care that is comfortable, comprehensive, simple, and accessible.”
They use deep learning algorithms to provide personalized comprehensive outcome-focused men’s health services using their programmatic treatment experiences and patented diagnostic tools that are centered around men.
“Men generally prefer a discreet and comfortable care environment to feel at-ease talking about things like their reproductive and prostate health. This is central to our belief system and the way we’ve designed our offerings.”
Amin explains. They believe men’s health should be simple, accessible, and comprehensive. Their specialists and generalists partner together with revolutionary technology to provide men-centric tools to fix men’s health care, starting right where men are most vulnerable – below the belt.
Health education is an important part of Bastion Health service. Through their collaboration with thought leaders like Harvard Health Publication, they are opening up and expanding the conversation and showing men that they are not alone and that it’s normal and okay to speak about their reproductive and prostate health.
The company’s at-home fertility test kits are currently in FDA trials and allow men to apply semen samples in the comfort and privacy of their own homes. The test integrates with an app powered by a cloud-based deep learning algorithm, which deciphers results and sends them back within minutes. The testing kit is built on platform technology, which can be used to test 32 different parameters. Currently, the team is developing additional testing capabilities, such as PSA test which is a prostate health indicator.
Smart technologies are an effective way to improve healthcare accessibility and outcomes. Using AI for good can empower medical providers and patients to achieve milestones that were incomprehensible even a few years ago. Comprehensive, tech-driven healthcare for men is a vital part of a high-functioning society, and the only real security for future generations.
The Stirrings Of Social Change, And The Tech Making it Possible
One of the greatest strengths of emerging technology is that it can level the playing field. The disparities of access to financial information, or even access to medical knowledge or care, can be solved by platforms that leverage machine learning, AI, natural language processing, video conferencing, and more.
More data than ever exists to inform and equip an average person to live a better life. Companies that labor to this end will find overwhelming endorsement from co-laborers, even in varied sectors, who are pursuing the shared goal of making life better for as many people as possible.